7 SEAS TECHNOLOGY AS: årsregnskap 2018 vs 2017
Grew 417% on revenue, weaker earnings, cash halved-plus
approved 2019-05-21; registry 2019-06-20; journal 2019 486278
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for 7 SEAS TECHNOLOGY AS. Revenue 169.0k NOK → 873.3k NOK (+416.8%). Net result +306.7k NOK → +51.1k NOK. Equity 488.4k NOK → 539.5k NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: net result weakened; cash fell.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for 7 SEAS TECHNOLOGY AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 169.0k NOK to 873.3k NOK (+416.8% YoY). Calculated
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Operating result improved
Operating result +524.0k NOK → +555.5k NOK (op. margin 310.1% → 63.6%). Calculated
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Equity strengthened
Book equity 488.4k NOK → 539.5k NOK (equity ratio 41426.5% → 447.4%). Calculated
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Payroll decreased
Salary cost 392.1k NOK → 136.0k NOK (232% → 16% of revenue). Calculated
What deteriorated
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↓
Net result weakened
Net result +306.7k NOK → +51.1k NOK (net margin 181.5% → 5.8%). Calculated
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↓
Cash fell
Bank deposits 145.7k NOK → 69.8k NOK (-52.1% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 976.4k NOK → 970.6k NOK. Reported fact